Funding arb · Price arb /

AERO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0403%/8h= +44.2% APRpaid last 24h +0.096%

Price spread now: RISEx against Bitget−0.046%7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$450.455% of the position

Long on Bitget Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.493%+$49 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.046%, 7d avg +0.057%

Together, before fees+0.595%+$59 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.103% cheaper against Bitget than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.057%). If the spread goes back, that is −$10 on $10k: about 20 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AEROUSDT	0.7169	0.0100	pay 0.0050% / 4h	3h 11m	$4.2M	$1.9M	75x
Short	RISEx AERO/USDC	0.7166	0.0503	get 0.0063% / 1h	11m 28s	$248K	$596K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee RISExbpOrdersPrice spread, now −0.046%Rate

Funding earned: $84.73
Price spread: −0.046% → +0.057%: −$10.29
Slippage, 4 orders: −$27.5
Fee Bitget: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $28.95
Costs to cover: 0.455%
Break-even: 4.6 days

Slippage from Bitget: live order book, 2 min ago; RISEx: live order book, 22 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 2 min ago	4.19 bp	15.3 bp −$15	146.7 bp −$1,467	doesn't fit	doesn't fit
Sell RISEx live order book, 22 min ago	1.88 bp	5.8 bp −$6	doesn't fit	doesn't fit	doesn't fit

AERO on 23 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AERO-PERP-INTX	−0.0280%	1h	0.7647	+6.668%	$97K	$43K	25x	as long as short
Injective AERO/USDC PERP	+0.0033%	1h	0.6902	−3.724%	$4	$209K	5.5x	as long as short
Aster AEROUSDT	+0.0100%	4h	0.7168	−0.014%	$43K	$126K	10x	as long as short
Binance AEROUSDT	+0.0100%	4h	0.7173	+0.056%	$27.1M	$25.7M	75x	as long as short
Bybit AEROUSDT	+0.0100%	4h	0.7166	−0.042%	$24.0M	$19.1M	25x	as long as short
OKX AERO-USDT-SWAP	+0.0100%	4h	0.7173	+0.056%	$2.5M	$5.7M	20x	as long as short
Gate AERO_USDT	+0.0100%	4h	0.7159	−0.139%	$1.7M	$496K	75x	as long as short
MEXC AERO_USDT	+0.0100%	4h	0.7171	+0.028%	$8.7M	$1.5M	100x	as long as short
KuCoin AEROUSDTM	+0.0100%	4h	0.7165	−0.056%	$2.0M	$1.2M	50x	as long as short
Bitget AEROUSDTlong	+0.0100%	4h	0.7169	long leg	$4.2M	$1.9M	75x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AERO-USDT	+0.0100%	4h	0.7172	+0.042%	—	$1.8M	—	as long as short
Variational Omni AERO	+0.0100%	4h	0.7071	−1.367%	$2.0M	$1.2M	—	as long as short
Extended AERO-USD	+0.0104%	1h	0.7167	−0.031%	$217K	$1.4M	10x	as long as short
Aevo AERO-PERP	+0.0104%	1h	0.7169	0.000%	$48K	—	3x	as long as short
Reya AERORUSDPERP	+0.0228%	1h	0.7113	−0.784%	$20K	$4K	15x	as long as short
BloFin AERO-USDT	+0.0340%	4h	0.7117	−0.725%	$955K	$578K	25x	as long as short
RISEx AERO/USDCshort	+0.0503%	1h	0.7166	−0.046%	$248K	$596K	3x
GMX AERO/USD [ETH-USDC]	L +0.0524% / S −0.0251%	1h	0.7159	−0.141%	$93K	—	100x	as long as short
Deribit AERO_USDC-PERPETUAL	+0.0588%	1h	0.7165	−0.056%	$57K	$684	10x	as long as short
01 Exchange AEROUSD	+0.0832%	1h	0.7185	+0.227%	$195	$101	3x	as long as short
Backpack AERO_USDC_PERP	+0.0867%	1h	0.7168	−0.018%	$103K	$245K	15x	as long as short
Hyperliquid AERO	+0.1120%	1h	0.7184	+0.206%	$23.7M	$6.0M	3x	as long as short
Lighter AERO	+0.1600%	1h	0.7179	+0.141%	$1.3M	$404K	3x	as long as short